UK regulator launches review of ‘aggressive’ claims management firms amid compensation concerns

The UK's Financial Conduct Authority launched a review of claims management companies on concerns they mislead consumers about compensation eligibility through aggressive marketing and unfair exit fees. Some firms charge up to 33% of payouts for car finance claims, though the FCA's free scheme offers the same service. The regulator has already removed 800 misleading advertisements.

Summary by Glance · The Guardian Australia – Business